r/investing • u/ExtentFuture4133 • 3d ago

China retaliates with 34% tariffs on all US products

At the time of writing this Dow futures are losing 1400 points. Apple is down another 4.77% pre-market to $194, as it has 90% of iPhones assembled in China.

S&P 500 futures are down 3.5% and Nasdaq 100 futures down 4%. Us 10 yr at 3.905%. Vix volatility index spikes to 42.82, highest level since Covid

https://www.cnbc.com/2025/04/03/stock-market-today-live-updates.html

It is going to be an interesting day.

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u/Narkanin 3d ago

They’ve already got a deal to stick together. We’re fucked

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u/ArkamaZero 2d ago

You know it's bad when China, South Korea, and Japan are working together.

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u/Narkanin 2d ago

Yeah they may not like each other but they’re not stupid. Trump could end up being a big opportunity for the world while the US misses out entirely. I’m sure some/many countries wouldn’t mind being out from under the influence of the US.

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u/No_Power1121 2d ago

Agreed, I’m certain folks generally realize what a big deal that is.

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u/ashvy 2d ago

Yeah, if China can influence BRICS as well now, then the fun begins